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STAMP DUTY ADJUDICATION FOR SHARE ISSUE MAHARASHTRA
@ Rs 19,999
TO WHOM IT IS APPLICABLE?
As per Section 3 of Indian Stamps Act 1899, Every Share Certificate must bear the necessary stamp duty as per the Stamp Act of the respective State/ Union Territory. Many a times at the time of incorporation many companies forget to pay the stamp duties. To correct the above mistake share certificate must be adjudicated with proper payment of stamp duty along with the penalties.
DOCUMENTS REQUIRED
- Copy of Resolution for allotment and issue of shares
- List of Allottees
- PAS-5 in respect of Allotment
- Form MGT-14 and PAS -3
- Signed Adjudication form
- Certificate of Incorporation
- PAN Card of Company
- Share certificates
- PAN and address of authorised person
FAQs
Adjudication is process by which an opinion of Collector is obtained as to the duty, if any, with which or the Article under which that instrument is chargeable.
For the purpose of adjudication, the person who is a party to the instrument has to furnish a true copy of the instrument or an abstract and an affidavit stating the facts and such other evidences as required, along with prescribed fee.
Yes. The penal provision includes imprisonment and fine or both for offences under the Stamp Laws.